Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc announced the purchase of 43,269 ordinary shares at £112.25 each on February 10, 2022, under its $1 billion share repurchase program initiated on September 28, 2021. The company will hold these shares in Treasury, increasing total Treasury shares to 12,925,928. Following this purchase, the number of ordinary shares in issue is 219,245,254. This number is crucial for shareholders determining their notification obligations under the Disclosure and Transparency Rules.

Positive

• Conducted a share repurchase, indicating confidence in the company's value.
• Increased total Treasury shares to 12,925,928, potentially enhancing shareholder value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / February 11, 2022 / Ferguson plc (the "Company") announces that on February 10, 2022 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $1,000 million share repurchase program, details of which were announced on September 28, 2021.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 43,269

Date of transaction: February 10, 2022

Price paid per share: £112.250000

Broker: J.P. Morgan Securities plc

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 12,925,928 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 219,245,254.

The figure of 219,245,254 may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/3558B_1-2022-2-10.pdf

For further information, please contact:

Ferguson plc

Brian Lantz, Vice President IR and Communications	+1 224 285 2410
Pete Kennedy, Director of Investor Relations	+1 757 603 0111

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Ferguson PLC

View source version on accesswire.com:
https://www.accesswire.com/688372/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What shares did Ferguson plc purchase on February 10, 2022?

Ferguson plc purchased 43,269 ordinary shares at £112.25 each.

What is the total number of Treasury shares held by Ferguson plc after the latest repurchase?

After the repurchase, Ferguson plc holds a total of 12,925,928 shares in Treasury.

How many ordinary shares are currently issued by Ferguson plc?

After the repurchase, the total number of ordinary shares in issue is 219,245,254.

What was the value of Ferguson plc's share repurchase program?

Ferguson plc's share repurchase program is valued at $1 billion.